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Twitter Doesn't Need Trump to Thrive: Oppenheimer

Stock MarketsJan 13, 2021 11:49AM ET
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© Reuters.

By Christiana Sciaudone

Investing.com -- Twitter doesn't need Donald Trump. 

That's per Oppenheimer analyst Jason Helfstein, who raised the price target on Twitter Inc (NYSE:TWTR) to $58 from $55 while maintaining a buy-equivalent rating, according to StreetInsider.

"We are not concerned with usage impact of blocking President Trump," Helfstein wrote in a note. 

Shares are up about 2%, at around $47.70.

The firm expects fourth quarter monetizable daily active Twitter users up 34%, 5% ahead of the Street consensus, thanks to the U.S. elections and a potential buyback.

Trump was permanently suspended from Twitter "due to the risk of further incitement of violence," the company said last week, two days after the Jan. 6 rampage on the U.S. Capitol that left a handful of people dead. Trump has been blamed for instigating his romping, fur-hatted and antler-donning supporters in their breaching of the building as lawmakers attempted to certify the election of Joe Biden.

"We believe the company's reinvigorated focus on revenue products creates ample catalysts for future growth, including a potential subscription offering," Helfstein said. 

Quarterly sales are expected at above $1 billion for the first time when the company next reports.

Meanwhile, MKM Partners upgraded Twitter to buy from neutral, StreetInsider said.

 

Twitter Doesn't Need Trump to Thrive: Oppenheimer
 

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Comments (11)
Alex Rodriguez
Alex Rodriguez Jan 13, 2021 3:51PM ET
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Yeah okay! I guarantee you'll be feeling it next quarter! wait and see the massive dump coming beyond the last one we did.
Pwr Strk
Pwr Strk Jan 13, 2021 3:07PM ET
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Oppenheimer and MKM are just about to get squeezed with the TWTR dump, that's all they're worried about and trying to defend their positions in this fas ci st stock
Rodolfo Barraco
Rodolfo Barraco Jan 13, 2021 2:58PM ET
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Trunp might be the worst but Dump tweeter and delete account for the sake of freedom and democracy. Or we will be in an oppresive totalitarisn distopia worse than china
Pwr Strk
Pwr Strk Jan 13, 2021 2:28PM ET
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just dump fascist TWTR
Ridha B younes
Ridha B younes Jan 13, 2021 1:53PM ET
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the actions that happened in the capital will reduce further what ?your constitutional freedom of speech . Reciprocity : you abuse you lose .
Mohamed Berrhili
Mohamed Berrhili Jan 13, 2021 1:47PM ET
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Just bought 🔥🔥🔥🔥🔥
Ridha B younes
Ridha B younes Jan 13, 2021 1:45PM ET
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they hates us cause they ain't us .After what now that he is gone .it's a matter of time tweeter will anchor real loss .
John Hemphill
John Hemphill Jan 13, 2021 12:50PM ET
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They are under estimating the number of so-called "daily active monetizeable users" who are only still on Twitter to follow news until Jan 20th. Other free speach platforms are scrambling to beef up capacity due to new subscribers. And I'm not talking Parler.
Tyler Phillils
Tyler Phillils Jan 13, 2021 12:50PM ET
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If you filter the topics on Twitter you'll find next to no value adding traffic...its all "FU" and "FU2". Twitter is being hyped by the banks and funds - like Oppenheimer & MKM - to generate higher stock prices so they can unload their risk. Twitter hasn't made a buck...ever. Its not quite time to short it, maybe dip a toe into long puts and see what happens. Twitter may be a takeover target, but its a overhyped messaging / chat service...
Jay Ossenfort
Jay Ossenfort Jan 13, 2021 12:44PM ET
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Im thinking the american people should file class action suit for voilation of the constitution and we the People own twitter. Kick Jack Dorsey to the curb.
jonathon blackmon
jonathon blackmon Jan 13, 2021 12:24PM ET
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bye larry no one supports a traitor or sedition
Larry Coons
Larry Coons Jan 13, 2021 12:18PM ET
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I am no longer on Twitter and working my way off of Facebook as well. Any limit on free speech is abhorrent and there is no clarity on what part of responsible speech was violated. There WILL be a free speech alternative that is not abound with cancel culture, doxers and the de-platform nation.
jonathon blackmon
jonathon blackmon Jan 13, 2021 12:18PM ET
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traitor
Pwr Strk
Pwr Strk Jan 13, 2021 12:18PM ET
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Jeff Chevalier
Jeff Chevalier Jan 13, 2021 12:18PM ET
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So, your back to the telephone I guess
 
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